News that keep you updated
China has pushed its holdings of US government debt down to their lowest level in nearly two decades, underscoring a steady recalibration of its foreign exchange reserves away from dollar assets and towards gold and overseas investments amid strained ties with Washington, PTI reported.Data released by the US Department of the Treasury shows that China’s…
Representative image (AI-generated) As the Union Budget approaches, India’s cryptocurrency sector is seeking clear rules for digital assets. It is also seeking for a rationalisation of the 1% TDS on crypto transactions to boost investor confidence and encourage onshore participation.In the Union Budget 2025, the finance minister left the existing tax framework for VDAs unchanged,…
US President Donald Trump’s aggressive and unpredictable tariff strategy is beginning to redraw global trade alignments, with long-standing US partners actively seeking alternatives — and China emerging as a key beneficiary.Canada delivered the clearest signal yet of this shift on Friday, cutting its 100% import tax on Chinese electric vehicles in exchange for sharply lower…
Representative image (AI-generated) Employees’ Provident Fund Organisation (EPFO) subscribers will soon be able to withdraw their provident fund savings directly into their bank accounts using the Unified Payments Interface (UPI). The system is expected to be operational by April 2026. The move is aimed at simplifying access to funds and reducing delays in withdrawals for…
MUMBAI: ICICI Bank reported a year-on-year decline of 4.02% in net profit to Rs 11,317.9 crore for the quarter ended Dec 31, 2025, weighed down by a sharp rise in provisions, even as core operating performance remained steady. Profit also fell 8.42% sequentially from Rs 12,358.9 crore in the previous quarter.Announcing the results, the bank’s…
MUMBAI: HDFC Bank reported an 11.46% year-on-year increase in net profit to Rs 18,653.75 crore in Q3 FY26 from Rs 16,735.50 crore a year earlier, on the back of treasury profits with loan growth and stable asset quality supporting earnings, even as operating costs rose sharply.On a sequential basis, profit was largely flat, inching up…
MUMBAI: Yes Bank on Saturday reported a net profit of Rs 952 crore for the third quarter ended Dec 31, 2025, marking a sharp improvement in earnings as gains from recovery of bad loans and higher core income.Yes Bank said profit rose 55.4% from Rs 612 crore a year earlier and was up 45.4% sequentially…
Sergio Gor with RBI governor Sanjay Malhotra (Image/X) US Ambassador to India Sergio Gor on Saturday met Reserve Bank of India Governor Sanjay Malhotra to discuss strengthening bilateral cooperation. The talks focused on expanding collaboration, particularly in the technology sector.The meeting with the RBI Governor comes as part of Gor’s broader engagement with key Indian…
PM Modi flagged-off Vande Bharat sleeper train (PTI image) Prime Minister Narendra Modi on Saturday said India is now manufacturing more railway coaches than the United States and Europe, highlighting the country’s growing self-reliance. He made the remarks while flagging off India’s first Vande Bharat sleeper train from Malda in West Bengal.Addressing a public gathering…
India’s overall gems and jewellery exports witnessed a 4.98 per cent year-on decline to $1,883.85 million (Rs 16,978.44 crore) in December 2025, as geopolitical uncertainties hit key markets, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday.The total gem and jewellery exports stood at $1,982.62 million (Rs 16,843.87 crore) in December 2024, GJEPC…
